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Judge Requires 'Opt In' Releases For Red Lobster Ch. 11

By Hilary Russ ( July 26, 2024, 7:42 PM EDT) -- A Florida bankruptcy judge said on Friday that she will conditionally approve disclosures for Red Lobster's reorganization plan after the seafood chain agreed to add "opt in" procedures that some creditors can use to release third parties from liability under its Chapter 11 plan....

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